Do I check yes or no for qualified business income regarding 1099-MISC? It is for participating in surveys not related to W-2 income.

lmbowling13 · ‎February 13, 2020

GiseleD · ‎February 13, 2020

If you entered into this activity as a trade or business (e.g., with a profit motive) and you were not an employee for this activity, then you can qualify for the QBI deduction.

A qualified trade or business means any trade or business other than the trade or business of performing services as an employee.

• Includes an activity that is treated as a trade or business for all relevant federal income tax purposes.

• Includes certain rental real estate activities.

• A taxpayer may have multiple trades or businesses.

To learn more about QBI, click here.

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Do I check yes or no for qualified business income regarding 1099-MISC? It is for participating in surveys not related to W-2 income.